What is foreclosure?
The Bankrate.com financial term of the day is: "foreclosure."
Foreclosure is the formal, legal process of taking a home away from an owner who has stopped making the payments. The property is seized and sold, often at a public auction, and the proceeds are applied toward the mortgage debt.
Foreclosure is what people are referring to when they worry about losing their house.
To compare home loans, visit the Mortgage section at Bankrate.com.
Mortgage rates jumped this week.
The benchmark 30-year fixed mortgage rate held at 3.8 percent.
Mortgage rates remained in a holding pattern this week.
Mortgage rates edged up this week.
How did consumers respond when asked about job security, savings, net worth, and debt?
Comparison shopping will help you know deals from duds at a dollar store.
Looking to save money? Here are eight easy ways to save $5,000 in one year.
New car loan rates fell 1 basis point each.
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